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SGX:A17U

8 stories mentioning SGX:A17U

Every FINWIRES story that references SGX:A17U, newest first.

Asia

CapitaLand Ascendas REIT Reallocates SG$30.9 Million to Debt Repayment

CapitaLand Ascendas REIT (SGX:A17U) plans to reallocate SG$30.9 million from its SG$903.5 million fund raise towards debt repayment rather than for part-financing a potential acquisition, according to a filing to the Singapore stock exchange on Thursday.The company had initially earmarked S$30.4 million to partially finance the potential acquisition of a light industrial asset in Singapore; however, it has since dropped the plan and plans to use the funds for debt repayment purposes.Out of the total gross proceeds, SG$4.2 million was used to pay the estimated fees and expenses incurred in connection with the equity fund raising, while the reallocated SG$30.9 million was fully deployed for debt repayment purposes, bringing the cumulative utilization across these two categories to SG$35.1 million.The total gross proceeds of SG$903.5 million were raised through a multi-tranche equity fund raising earlier this year, which included a private placement of 249.4 million units at SG$2.406 per unit alongside a concurrent preferential offering.

SGX:A17U
Asia

Mun Siong Engineering Names Group CFO; Shares Plunge 22%

Mun Siong Engineering (SGX:MF6) named Kirk Keng Chong as its group chief financial officer, effective June 8, according to a same-day filing with the Singapore Exchange.Shares of the integrated engineering solutions provider slid nearly 22% in Tuesday's late-morning trade.Kirk was formerly a vice president of finance of CapitaLand Ascendas REIT Management, the manager of CapitaLand Ascendas REIT (SGX:A17U).

SGX:A17USGX:MF6
Asia

CapitaLand Ascendas REIT to Acquire Logistics Property in Singapore for SG$134 Million

CapitaLand Ascendas REIT (SGX:A17U) has agreed to acquire 5 Tuas Avenue 5 in Singapore for SG$133.9 million from Hup Hin Transport Co, according to a local bourse filing on Thursday.The asset is a seven-story, ramp-up logistics property that was completed in 2021. It is currently fully occupied by four tenants, including the seller. It will have a weighted average lease expiry of five years with an annual rental escalation of 2%.The acquisition is expected to be completed by the second half of 2026, after which CapitaLand Ascendas' logistics portfolio across Singapore, Australia, the US, the UK, and Europe will increase to around SG$4.9 billion.

SGX:A17U
Asia

CapitaLand Ascendas REIT Launches SG$1.4 Billion Life Sciences Cluster

CapitaLand Ascendas REIT (SGX:A17U) along with CapitaLand Development, launched Geneo, a SG$1.4 billion life sciences and innovation hub at Singapore Science Park, according to a Friday filing with the Singapore Exchange.Geneo spans across an area of 180,600 square meters and comprises three properties, which include laboratories and business park workspaces.

SGX:A17U
Asia

CapitaLand Ascendas REIT Completes Acquisition of Japan Data Center

CapitaLand Ascendas REIT (SGX:A17U) completed the acquisition of a data center in Japan, according to a Thursday filing with the Singapore Exchange.Around SG$188.3 million of the gross proceeds of about SG$903.5 million from an equity fundraising were used to partially finance the acquisition, the filing said.

SGX:A17U
Asia

CapitaLand Ascendas REIT Reports Lower Portfolio Occupancy in Q1

CapitaLand Ascendas REIT's (SGX:A17U) portfolio occupancy dropped to 90.5% during the first quarter of the year from 91.5% in the prior quarter, according to a Monday filing with the Singapore Exchange.Portfolio rental revision stood at 10.6%, compared to 11% a year earlier.Meanwhile, weighted average lease expiry came in at 3.8 years.

SGX:A17U
Asia

CapitaLand Ascendas REIT Lists New Units After SG$900 Million Fundraise

CapitaLand Ascendas REIT (SGX:A17U) listed 129.1 million new units on the main board of the Singapore Exchange, according to a Thursday filing with the bourse.The new units, issued under a preferential offering, were priced at SG$2.35 per unit. The listing follows a fundraising launched in late March, which sought to raise gross proceeds of at least SG$900 million through a combination of private placements and preferential offerings.

SGX:A17U
Asia

CapitaLand Ascendas REIT's Preferential Offering Oversubscribed

CapitaLand Ascendas REIT (SGX:A17U) said it had received valid acceptances and excess applications for around 315.4 million preferential offering units at the close on April 15, according to a Friday filing with the Singapore Exchange.Shares of the REIT were down under 1% in Monday trading.The new units are expected to be listed and quoted on April 23.The REIT had launched an equity fund raising exercise to raise gross proceeds of no less than around SG$900 million in March.

SGX:A17U